Category Archives: business

High US tariffs pose risk to India’s growth: Crisil

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**High US Tariffs Pose Risk to India’s Growth: Crisil**

*By Akash Pandey | Sep 27, 2025, 05:01 PM*

A recent report by Crisil Intelligence has highlighted that the high tariffs imposed by the United States on Indian goods could pose a significant risk to India’s economic growth. The September 2025 report emphasizes that these tariffs are likely to affect both Indian exports and investments negatively.

However, despite these challenges, domestic consumption is expected to remain the key driver of growth, supported by low inflation levels and anticipated rate cuts by the Reserve Bank of India (RBI).

**Economic Indicators: GDP Growth and Inflation Projections**

India’s GDP growth reached a five-quarter high of 7.8% in the first quarter of fiscal year 2025-26, up from 7.4% in the same quarter last year. Meanwhile, nominal GDP growth slowed to 8.8% compared to 10.8% during the corresponding period in the previous fiscal year, according to Crisil Intelligence.

On the inflation front, the report projects consumer price index (CPI) inflation to ease to 3.5% this fiscal year, down from 4.6% last year.

**Inflation Control: Factors Influencing Rates**

Robust agricultural growth is expected to help keep food inflation under control. However, the full impact of recent excess rainfall on agricultural output remains to be seen. Additionally, declining crude oil prices and stable global commodity prices are anticipated to contain non-food inflation, further aiding in the moderation of overall inflation rates in the coming months.

**Policy Outlook: RBI Likely to Implement One More Rate Cut**

On the monetary policy front, Crisil Intelligence forecasts that the RBI will introduce one more rate cut during the current fiscal year, followed by a pause. The central bank’s monetary policy committee had already reduced the repo rate by 100 basis points between February and June 2025. The RBI is now expected to await the complete transmission of these cuts before deciding on any further interest rate adjustments.

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*In summary, while high US tariffs present challenges to India’s export and investment sectors, strong domestic consumption, controlled inflation, and accommodative monetary policy are likely to support the country’s economic growth in the near term.*
https://www.newsbytesapp.com/news/business/us-tariffs-could-impact-india-s-growth-crisil/story

A baby Land Rover Defender SUV is on the way

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**A Baby Land Rover Defender SUV Is on the Way**
*By Dwaipayan Roy | Sep 27, 2025, 04:02 PM*

Land Rover is gearing up to launch a smaller, entry-level version of its iconic Defender SUV. Although the new model has been in development for years without an official announcement from Jaguar Land Rover (JLR), recent test sightings suggest its arrival is imminent. The company aims to introduce this highly anticipated vehicle as part of its electric car lineup as early as 2027.

### Design Evolution

The upcoming Defender will maintain the chunky, straight-edged proportions that define its full-sized counterpart. However, expect a smaller, lower-riding silhouette with a design that leans less towards rugged off-road capability and more toward everyday road use. Interestingly, the name **‘Defender Sport’** briefly appeared on Land Rover’s website, hinting that JLR may adopt this naming convention for its sportier, road-focused variants—similar to the Discovery Sport and Range Rover Sport.

### Model Transition: Could It Replace the Discovery Sport?

Positioned below the full-sized Defender, this new model—sometimes referred to as the **‘Defender 80’**—may replace the aging Discovery Sport, which has been part of JLR’s range since 2014 and is currently available only as a plug-in hybrid. With its chunky proportions and strong off-road heritage, the baby Defender could also serve as a spiritual successor to the Freelander, a beloved model that was phased out in favor of the Discovery Sport.

### Market Strategy and Platform Sharing

Priced lower than the larger Defender but boasting similar features and a clear family resemblance, the baby Defender aims to broaden JLR’s appeal and become a volume seller globally. It will share its platform with the next-generation Range Rover Evoque and Velar, all built on JLR’s new 800V EMA (Electric Modular Architecture) platform. This strategy promises to deliver a modern, efficient vehicle with strong electric capabilities.

### Manufacturing Plans

Production of the baby Defender will take place at JLR’s Halewood plant in Merseyside, which is currently undergoing upgrades to support electric vehicle manufacturing. This EV will be equipped with in-house electric motors and batteries sourced from Tata’s upcoming Somerset plant. However, it’s worth noting that JLR recently announced a strategic scaling back of its pure EV plans in favor of increased production of plug-in hybrids, responding to shifting market demand.

**In summary**, the arrival of a smaller, electric-powered Land Rover Defender is set to expand the brand’s footprint in the SUV market by offering a versatile, family-friendly option that balances ruggedness with road-ready refinement. With production slated to begin by 2027, enthusiasts and potential buyers alike have plenty to look forward to.
https://www.newsbytesapp.com/news/auto/land-rover-s-baby-defender-in-works-could-be-ev-only-model/story

High US tariffs pose risk to India’s growth: Crisil

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**High US Tariffs Pose Risk to India’s Growth: Crisil**

*By Akash Pandey | Sep 27, 2025, 05:01 PM*

A recent report by Crisil Intelligence highlights that the high tariffs imposed by the United States on Indian goods could pose a significant risk to India’s economic growth. The September report cautions that these tariffs may adversely affect both Indian exports and investments.

However, the report also offers a positive outlook, noting that domestic consumption is expected to drive growth going forward. This optimism is supported by low inflation levels and anticipated rate cuts.

**Economic Indicators: GDP Growth and Inflation Projections**

India’s GDP growth reached a five-quarter high of 7.8% in the first quarter of fiscal year 2025-26, rising from 7.4% in the same period last year. Despite this, nominal GDP growth slowed to 8.8% compared to 10.8% in the previous year for the same quarter, according to Crisil Intelligence.

On the inflation front, the report projects that consumer price index (CPI) inflation will ease to 3.5% in the current fiscal year, down from last year’s 4.6%.

**Inflation Control: Factors Influencing Inflation Rates**

The report emphasizes that robust agricultural growth is expected to help keep food inflation in check, though the full impact of recent excess rainfall is still under evaluation.

Additionally, lower crude oil prices and stable global commodity prices are likely to contain non-food inflation. These combined factors will play a crucial role in managing inflation in the coming months.

**Policy Outlook: RBI Likely to Implement One More Rate Cut**

Regarding monetary policy, Crisil Intelligence anticipates that the Reserve Bank of India (RBI) will implement one more rate cut during the current fiscal year, followed by a pause.

The RBI’s Monetary Policy Committee had already cut the repo rate by 100 basis points between February and June 2025. The central bank is now expected to wait for the full transmission of these past cuts before making any further decisions on interest rates.

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In summary, while high US tariffs present notable challenges to India’s economic growth, strong domestic consumption, controlled inflation, and supportive monetary policy are poised to sustain India’s growth momentum in the near term.
https://www.newsbytesapp.com/news/business/us-tariffs-could-impact-india-s-growth-crisil/story

Boeing settles wrongful death lawsuit over whistleblower’s suicide for $50,000

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**Boeing Settles Wrongful Death Lawsuit Over Whistleblower’s Suicide for $50,000**

*By Dwaipayan Roy | September 27, 2025, 11:36 AM*

**Overview**

Boeing has reached a settlement in a wrongful death lawsuit filed by the family of John Barnett, a quality inspector and whistleblower who died by suicide in March 2024. The settlement agreement is valued at $50,000.

Barnett had previously alleged retaliation after raising safety concerns at Boeing, a case he pursued before his death.

**Aftermath and Impact**

The tragic death of John Barnett brought significant attention to Boeing’s safety practices and work culture, particularly at its North Charleston, South Carolina facility. This plant is responsible for producing the Boeing 787 Dreamliner.

At the same time, Boeing’s Seattle facility was under federal investigation following an incident where a door-shaped plug blew out of an airborne 737 Max, further intensifying scrutiny on the company.

**Settlement Details**

On September 26, Boeing and Barnett’s family agreed to a “full, final and confidential settlement,” according to a legal filing. This settlement results in the dismissal of all claims brought by Barnett and his estate, including the lawsuit he was actively pursuing.

Of the $50,000 settlement, $20,000 will be allocated toward legal fees and costs. The remaining amount will be paid to the plaintiffs.

**Background: Barnett’s Whistleblower Claims**

John Barnett, who had earlier worked on NASA’s Space Shuttle program before joining Boeing in 1988 as a quality inspector, raised numerous safety concerns during his tenure. He claimed that between 2010 and 2017, safety protocols at the North Charleston plant significantly declined.

Barnett alleged that employees were pressured to ignore defects to meet production quotas and that certain parts were missing or inadequately documented during the manufacturing process—pointing to lapses in safety checks.

While the Federal Aviation Administration (FAA) confirmed some of the issues Barnett highlighted, the Occupational Safety and Health Administration (OSHA) dismissed his claims in favor of Boeing in 2021. Barnett subsequently appealed that decision.

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This settlement and the circumstances surrounding Barnett’s death have underscored major questions about Boeing’s internal culture and safety oversight, prompting calls for ongoing scrutiny and reform.
https://www.newsbytesapp.com/news/business/boeing-has-settled-a-wrongful-death-lawsuit-for-50-000/story

Boeing settles wrongful death lawsuit over whistleblower’s suicide for $50,000

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**Boeing Settles Wrongful Death Lawsuit Over Whistleblower’s Suicide for $50,000**

*By Dwaipayan Roy | September 27, 2025*

**Overview**

Boeing has reached a settlement in a wrongful death lawsuit filed by the family of John Barnett, a longtime quality inspector and whistleblower who died by suicide in March 2024. The settlement amount totals $50,000.

Barnett had alleged retaliation after raising safety concerns during his tenure at Boeing, a case he was pursuing before his untimely death.

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**Aftermath and Impact**

Barnett’s death shed light on Boeing’s safety practices and triggered intense global scrutiny of the company’s work culture, especially at its North Charleston, South Carolina manufacturing plant. This facility is notably responsible for producing the Boeing 787 Dreamliner.

At the same time, Boeing’s Seattle plant was under federal investigation following an incident where a door-shaped plug blew out of an airborne 737 Max aircraft, adding to the company’s challenges.

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**Details of the Settlement**

On September 26, Boeing and Barnett’s family reached a “full, final and confidential settlement,” as stated in a recent legal filing. The agreement includes the dismissal of all claims brought by Barnett and his estate, including those he was actively pursuing before his death.

Of the $50,000 settlement, $20,000 will cover legal fees and costs, with the remainder paid to the plaintiffs.

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**Background: Barnett’s Safety Concerns**

John Barnett joined Boeing in 1988 after working on NASA’s Space Shuttle program. Over the years, he raised several concerns regarding declining safety protocols at the North Charleston plant, particularly between 2010 and 2017.

Barnett claimed that employees were pressured to overlook defects and prioritize production quotas over quality, which compromised safety.

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**Whistleblower Claims and Regulatory Response**

Barnett also alleged that some parts used during aircraft assembly were missing or improperly documented, pointing to inadequate safety checks.

While the Federal Aviation Administration (FAA) confirmed some of the issues Barnett raised, the Occupational Safety and Health Administration (OSHA) dismissed his claims in favor of Boeing in 2021. Barnett filed an appeal against OSHA’s decision before his death.

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This settlement concludes a difficult chapter for Boeing and highlights ongoing concerns regarding safety and workplace culture within the aerospace giant.
https://www.newsbytesapp.com/news/business/boeing-has-settled-a-wrongful-death-lawsuit-for-50-000/story

Nagaland State Lottery Result: October 3, 2024, 7 PM Live – Watch Streaming Of Winners List Of Dear Super Platinum Thursday Weekly Draw

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**Nagaland State Lottery Results: Dear Super Platinum Thursday Weekly Lottery – October 3, 2024**

The Nagaland State Lottery results for the Dear Super Platinum Thursday Weekly Lottery will be announced today, October 3, 2024, at 7 PM. The top prize for this lottery is Rs 2,00,000.

We at FPJ are tracking the results closely. If you have purchased a lottery ticket and want to check if you have won, you can find the list of winners here.

—

### How to Check the Dear Super Platinum Weekly Lottery Results – October 3, 2024

You can view the official results of the Dear Super Platinum Weekly Lottery for October 3, 2024, on the following websites:
– [Nagaland State Lottery Official Website](http://www.nagalandlotteries.com)
– [Lottery Sambad](https://www.lotterysambad.com)
– [Nagaland Lottery Sambad](https://www.nagalandlotterysambad.com)

Simply visit any of these sites and follow the instructions to find your lottery number and prize details.

—

### Legality of Lottery in India

Lottery playing is legally permitted in only 13 states in India. These states include:
– Kerala
– Goa
– Maharashtra
– Madhya Pradesh
– Punjab
– West Bengal
– Assam
– Arunachal Pradesh
– Meghalaya
– Manipur
– Sikkim
– Nagaland
– Mizoram

Among these, the West Bengal State Lottery and Nagaland State Lottery are highly reputed due to their substantial prize money. The first prize for these state lotteries can amount to as much as Rs 1 crore.

—

### Affordable and Rewarding Lotteries

Lotteries such as Sikkim State Lottery, Nagaland State Lottery, and West Bengal State Lottery are popular among a wide range of players, including those from economically weaker sections. This is because tickets are priced as low as Rs 6, while the winning prize money remains significantly high.

—

### Prize Structure of Nagaland State Lottery

The prize money for the Nagaland State Lottery is distributed as follows:

– **1st Prize:** Rs 2,00,000
– **2nd Prize:** Rs 10,000
– **3rd Prize:** Rs 5,000
– **4th Prize:** Rs 1,000
– **5th Prize:** Rs 500
– **6th Prize:** Rs 50

—

### Important Disclaimer

FPJ does **not** support or encourage playing the lottery. Lottery gambling can become addictive and involves financial risks. Please play responsibly and be cautious.

The information provided here is solely to keep you updated and should not be considered as advice or encouragement to participate in lottery games.
https://www.freepressjournal.in/india/nagaland-state-lottery-result-october-3-2024-7-pm-live-watch-streaming-of-winners-list-of-dear-super-platinum-thursday-weekly-draw

Trump announces 100% tariff on pharmaceuticals. Would this hurt India’s drug makers?

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**Trump’s Tariff War Continues: 100% Tariffs on Branded Pharmaceuticals Starting October 1**

US President Donald Trump has announced a new wave of tariffs, imposing a 100 percent tariff on imports of branded and patented pharmaceutical drugs effective October 1, next Wednesday. However, there is a caveat: such heavy tariffs will not apply if the drug company establishes manufacturing plants in the United States. This move is part of Trump’s ongoing tariff war and is likely to have significant implications for India, whose pharma sector heavily depends on the US market. Notably, the US is India’s largest drugs market.

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### Trump’s Announcement on Pharma and More

On Thursday, September 25, President Trump revealed that brand-name or patented pharmaceutical products will face a 100 percent tariff starting October 1 unless the drug manufacturer is building production facilities in the US. While this move doesn’t come as a total surprise—Trump has been promising to impose tariffs on pharmaceutical imports throughout his term—this is the first time such a significant tariff has been announced on these products.

Trump views tariffs as a way to pressure pharmaceutical companies into ramping up domestic production and strengthening the supply chain for essential medicines. In his announcement on Truth Social, Trump wrote:

*”Starting October 1, 2025, we will be imposing a 100 percent tariff on any branded or patented pharmaceutical product, unless a company is building their pharmaceutical manufacturing plant in America.”*
He added, *”There will, therefore, be no tariff on these pharmaceutical products if construction has started.”*

In addition to pharmaceuticals, Trump also announced new tariffs on other imported goods. These include:

– 50% tariff on kitchen cabinets
– 30% tariff on upholstered furniture
– 25% tariff on heavy trucks

In a separate post, Trump specified that the 25 percent tariff on heavy trucks made outside the US aims to support domestic manufacturers such as Peterbilt, Kenworth, Freightliner, and Mack Trucks. He emphasized that these tariffs serve multiple purposes, primarily for national security.

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### Possible Impact on India and Beyond

Following the announcement, Asian stock markets saw a decline, especially in the pharmaceutical sector. According to Reuters, pharmaceutical shares across Asia tumbled:

– Japan’s Topix pharmaceutical index dropped 1%
– Hong Kong’s innovative drug index slid 2.8%
– South Korean firm SK Biopharmaceuticals fell 2.7%
– Australian biotech company CSL was down 1.6% after earlier losses exceeding 3%

In India, there is a cautious mood as the country remains one of the largest suppliers of medicines to the US. India exported pharmaceutical products worth $17.7 billion (Rs 77,231 crore) to the US in 2024. Additionally, exports for the first half of this year reached $3.7 billion (Rs 32,505 crore).

India supplies over 45% of generic drugs and 15% of biosimilar drugs used in the US. Major pharmaceutical companies such as Dr. Reddy’s, Aurobindo Pharma, Zydus Lifesciences, Sun Pharma, and Gland Pharma reportedly generate 30-50% of their total revenues from the American market.

Furthermore, it is reported that Indian drugs saved the US healthcare system $219 billion in 2022 alone, with an estimated $1.3 trillion in savings expected over the next five years due to generics from India.

If a 100% tariff is imposed, it could lead to significant price hikes, inflation, and drug shortages in the US, where four out of every ten prescriptions filled are for these medicines.

However, experts note that Trump’s tariffs target branded and patented drugs only—not generic drugs, which constitute the bulk of India’s pharmaceutical exports. Despite this, uncertainty looms, and pharma executives are closely monitoring the evolving situation.

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### Trump’s Ongoing Tariff Blitz

Tariffs on pharmaceuticals, previously opposed by the Pharmaceutical Research and Manufacturers of America (PhRMA), represent a continuation of Trump’s wider tariff campaign against America’s trading partners, including India.

The US has already imposed tariffs of varying rates on Indian goods, ranging from 50% tariffs on products like jewelry to garments. Trump firmly believes that tariffs are necessary to compel companies to invest in domestic manufacturing.

He has dismissed concerns that these tariffs will lead to higher costs for consumers and businesses, insisting instead:

*”We’re protecting American jobs, we’re protecting American factories. It’s very simple. If you want to sell here, you build here.”*

Critics, on the other hand, argue that Trump’s tariff strategy exacerbates inflation and creates obstacles for businesses. Despite this opposition, the president and his administration remain steadfast in their approach.

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*With inputs from agencies.*
https://www.firstpost.com/explainers/trump-tariff-pharmaceuticals-india-drug-makers-explained-13937033.html

Doug Bowser to retire as President of Nintendo of America

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Nintendo has announced that Doug Bowser, who has served as the president of Nintendo of America since 2019, will retire at the end of the year.

He will be succeeded by Devon Pritchard, the company’s executive vice president of sales, marketing & communications. Pritchard will become the first woman to hold the position of president of Nintendo of America.

Nintendo made the announcement through a filing on the company’s investor relations website. Doug Bowser’s retirement will be effective on December 31, 2025, and Devon Pritchard will officially assume the role of president on January 1, 2026.

Bowser originally succeeded Reggie Fils-Aime as president in 2019. Meanwhile, Devon Pritchard has been with Nintendo since 2006 and has served as an active executive since 2021.

Following the announcement, Doug Bowser shared a statement reflecting on his tenure. Devon Pritchard also expressed her gratitude, acknowledging Bowser’s mentorship as she prepares to take on her new role.
https://www.shacknews.com/article/146115/doug-bowser-retiring-nintendo-of-america

Wheat Posts Thursday Gains

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The wheat complex saw some slight strength across the three markets into Thursday’s close. Chicago SRW futures were fractionally to 3 cents higher on the day in most contracts, with a few deferred contracts down 14 cents. KC HRW contracts were up 12 to 1 ½ cents in the nearbys and steady to 14 cents lower in the back months. MPLS spring wheat posted gains of 1 to 2 ½ cents.

Weekly Export Sales data was released this morning, showing export bookings for wheat at 532,885 MT, up 5.71% from last week and on the higher side of trade estimates, which ranged from 350,000 to 650,000 MT. The top buyer was Mexico with 169,600 MT, followed by South Korea purchasing 86,000 MT, and unknown destinations accounting for 80,500 MT.

In international developments, Russia is proposing a new international grain exchange among the BRICS countries. The plan, unveiled at this week’s summit, is expected to take several years to implement.

On the futures board for December 2024 contracts:
– CBOT Wheat closed at $5.81 ½, up 3 cents
– KCBT Wheat closed at $5.87, up 1 ½ cents
– MGEX Wheat closed at $6.18, up 2 ½ cents

For March 2025 contracts:
– CBOT Wheat closed at $6.00 ¾, up 2 ½ cents
– KCBT Wheat closed at $6.01 ¼, up 1 cent
– MGEX Wheat closed at $6.39 ¾, up 2 ¼ cents

*Disclaimer:* On the date of publication, Austin Schroeder did not hold positions, either directly or indirectly, in any of the securities mentioned in this article. All information and data provided herein are for informational purposes only.

For more information, please view the Barchart Disclosure Policy [here](https://www.barchart.com/disclaimer).

The views and opinions expressed in this article are those of the author and do not necessarily reflect the views of Nasdaq, Inc.
https://www.nasdaq.com/articles/wheat-posts-thursday-gains

Azim Premji Declines Karnataka CM’s Request To Allow Public Vehicles Through Wipro Campus

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**Wipro Founder Azim Premji Declines CM Siddaramaiah’s Request to Allow Vehicular Movement Through Company Campus**

*Bengaluru:* Wipro founder chairman Azim Premji has declined Chief Minister Siddaramaiah’s request to allow limited vehicular movement through the company’s Sarjapur campus in Bengaluru. Premji stated that the campus is exclusive private property owned by a listed company and is not meant to serve as a public thoroughfare.

Premji explained that permitting public vehicular movement through the Wipro campus would pose “significant legal, governance, and statutory challenges.”

On September 19, Chief Minister Siddaramaiah had written to Premji exploring “the possibility of allowing limited vehicular movement through the Wipro campus, subject to mutually agreed terms and necessary security considerations.” He noted that preliminary assessments by traffic and urban mobility experts indicated such a measure could reduce congestion on adjoining stretches of the Outer Ring Road (ORR) by nearly 30%, especially during peak office hours.

In his letter, Siddaramaiah emphasized, “Your support in this matter will go a long way in easing traffic bottlenecks, enhancing commuter experience, and contributing to a more efficient and livable Bengaluru. I would greatly appreciate it if your team could engage with our officials to work out a mutually acceptable plan at the earliest.”

Responding on Wednesday, Premji appreciated the Chief Minister’s leadership on addressing Bengaluru’s critical traffic congestion but highlighted the challenges involved.

“With respect to the specific suggestion of allowing public vehicular movement through our Sarjapur campus, we apprehend significant legal, governance, and statutory challenges since it is an exclusive private property owned by a listed company not intended for public thoroughfare,” he wrote.

He further added that the Sarjapur campus is a Special Economic Zone (SEZ) providing services to global customers. As a result, contractual obligations mandate stringent, non-negotiable access control norms for governance and compliance.

Premji noted that public vehicular movement through private property is unlikely to be an effective, sustainable long-term solution.

“Wipro nevertheless stands committed to partner with the Government of Karnataka to find a lasting solution for Bengaluru’s mobility challenges,” he affirmed, emphasizing the importance of a collaborative and data-driven approach for the city’s best interests.

Highlighting the urgency of the traffic situation, especially along the Outer Ring Road — a major export-oriented economic hub — Premji acknowledged the complexity of the problem. “The problem’s complexity, stemming from multiple factors, suggests that there is unlikely to be a single point solution or a silver bullet to resolve it,” he observed.

He proposed commissioning a comprehensive, scientific study conducted by an entity with world-class expertise in urban transport management. This study would help develop a holistic roadmap featuring effective solutions for the short, medium, and long term.

“To demonstrate our commitment to being a part of the solution, Wipro will be pleased to engage in this process and underwrite a significant portion of the cost for this expert study,” Premji added.

The Outer Ring Road has long been plagued by severe traffic congestion and poor road conditions, making daily commutes challenging. The issue gained attention when BlackBuck CEO and co-founder Rajesh Yabaji publicly announced on social media platform ‘X’ that his company would relocate from the ORR (Bellandur area). He cited the average commute time increasing by one-and-a-half hours one way, along with roads full of potholes and dust.

Yabaji lamented the “lowest intent to get them rectified” and expressed skepticism about any improvement, stating, “Didn’t see any of this changing in the next 5 years.”

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*Note: Except for the headline, this article has not been edited by FPJ’s editorial team and is auto-generated from an agency feed.*
https://www.freepressjournal.in/business/azim-premji-declines-karnataka-cms-request-to-allow-public-vehicles-through-wipro-campus